Minister announces formation of Private Sector Development Council in Iraq: It suffers from challenges and must overcome them

by times news cr

2024-01-23T09:18:43+00:00

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/ Minister of Planning Mohammed Tamim announced today, Tuesday, the start of the first meeting of the Private Sector Development Council in Iraq, indicating that the council represents the beginning of developing this sector in order to lead the development process in the country despite the “challenges and difficulties” it faces.

Minister of Planning Mohammed Tamim said during his speech at the General Authority of the Private Sector Development Council, which was attended by Agency correspondent, “This meeting represents the beginning of work and the basic step in launching strongly on the path of developing the private sector towards a true and sound vision based on the serious participation of this sector in the development process, in an effort to reach the private sector assuming leadership and pioneering of development in Iraq.”

He added that “we are fully confident that this sector has the potential to move forward towards achieving partnership,” indicating that “the private sector has faced many difficulties and obstacles in different eras that have kept it away from its correct path.”

Tamim continued, “The path to building the private sector in accordance with our economic vision is not paved with roses. Rather, we face difficult challenges that we must overcome to achieve what we aspire to, investing in the great support that the government provides to the private sector and its insistence on providing the best conditions for work. The situation also requires this sector itself to stand on its feet and take on the task with full confidence, benefiting from the stable environment that Iraq is witnessing.”

The Minister explained that “the Ministry of Planning led great efforts to reach this day, represented by the approval of Prime Minister Mohammed Shia Al-Sudani to assume the presidency of the Permanent Council for the Development of the Private Sector, and this matter in itself represents a high value and additional strength to support and develop the private sector.”

He explained that “the ministry was able, through great efforts, to select the members of the General Assembly of the Council, which is holding its first meeting today, and was keen for this body to be truly representative of all economic and development activities under the banner of the private sector, and to take into consideration the representation of governorates and components without forgetting the representation of women and youth and the addition of an elite of experts and academics, as well as representatives of entrepreneurship.”

Tamim noted that “the process of selecting the General Assembly went through several stages during which we were keen to adopt and apply logical criteria in selecting members. This was done in coordination and cooperation with representatives of the private sector through many meetings, encounters, discussions, dialogues and communications in cooperation with ministries and entities not affiliated with a ministry related to the private sector.”

He continued, “In the General Assembly meeting, we need an internal system for the council, and the system must be clear and delegate its authority to the council, which will consist of 25 individuals. There will be a committee from the General Assembly to write the internal system for the Private Sector Development Council.”

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